# Table 20: Alternative Dependent Variables

| DV | Sample | N_c | Z₁ | p-val | Z₂ | p-val | R² |
|---|---|---|---|---|---|---|---|
| CA/GDP | Full | 138 | 50.28*** | 0.0005 | -8.103*** | 0.0002 | 0.2712 |
| CA/GDP | Excl CCA-nc | 130 | 17.44 | 0.2751 | -2.658 | 0.2620 | 0.3163 |
| NFA/GDP | Full | 138 | -0.26 | 0.4501 | 0.043 | 0.4051 | 0.8459 |
| NFA/GDP | Excl CCA-nc | 130 | -0.47 | 0.1710 | 0.075 | 0.1429 | 0.8888 |
| S-I gap | Full | 133 | -7.00 | 0.7456 | 0.453 | 0.8875 | 0.3596 |
| S-I gap | Excl CCA-nc | 125 | -14.93 | 0.5437 | 2.104 | 0.5621 | 0.3872 |